TOKYO, Apr 12 (News On Japan) –
Fast Retailing, the corporate behind Uniqlo, reported file half-year gross sales for the interval ending in February this yr, buoyed by robust abroad efficiency in Europe and America, with revenues exceeding 1.59 trillion yen.
According to the monetary outcomes launched by Fast Retailing on April 11, the group’s efficiency for the half-year interval noticed a 9% improve in gross sales to 1.5989 trillion yen and a 27.7% improve in web revenue to 195.9 billion yen, each setting new data for this era. The success was attributed to the growth of retailer numbers and rising model recognition, notably in Europe and America, the place gross sales have been strong. Additionally, there was excessive demand for useful innerwear in Southeast Asia. However, in China, gross sales confronted challenges because of the results of a heat winter and a decline in client spending, prompting the corporate to evaluation its community of shops and gross sales methods. In Japan, gross sales at current Uniqlo shops fell by simply over 3% from the identical interval final yr as a consequence of a scarcity of demand for winter clothes.
During a press convention on April 11, Tadashi Yanai, Chairman and President of Fast Retailing, commented on the scenario: “Unfortunately, incomes are decreasing, so it’s natural that people are holding back on spending,” indicating his intention to maintain an in depth eye on client developments.
Source: NHK